Open door

The opening ceremony of the ESMO VINA plant in the northern province of Ninh Bình. — Photo VNA A plant producing automobile components opened its doors in the northern province of Ninh Binh on Friday Financed by ESMO Group from South Korea, the plant cost more than VND300 billion (US$12.9 million). The facility covers nearly 64,000sq.m in the Gia Phu Industrial Cluster in Gia Vien District. The ESMO VINA plant is capable of producing about 450,000 items annually. Speaking at the inauguration ceremony, Lee Huyn Chul, CEO of ESMO VINA, said the plant was ESMO’s new move to make inroads into the Southeast Asian market. He hoped it would create stable jobs for locals and contribute to socio-economic growth in Ninh Binh. Vice Chairman of the provincial People’s Committee Nguyen Ngoc Thach said Ninh Binh would continue its administrative reforms to attract more domestic and foreign investors, particularly those from South Korea. Ninh Binh is now home to eight … [Read more...] about Automobile component plant opens in Ninh Binh

Suffering from polio that led to paralysis and scoliosis as a child, Trần Phan Thanh Hải, 18, was admitted to the HCM City University of Science without having to take the national high school exam. Trần Phan Thanh Hải, 18, has created robots to support people with disabilities. — VNS Photo Xuân Đăng “When Hải was 4 years old, he was walking one day, and he fell and could not stand up,” Phan Thị Huỳnh Mai, Hải’s mother, said. The diagnosis was muscular atrophy caused by polio. Hải is only one metre tall and weighs 30kg. Because of his weak hands, Hải cannot travel by a wheelchair himself, so every personal activity must depend on his mother. Although these difficulties could have ended his education, Hải never gave up and kept fighting. For 12 years of school, Hải has always been a good student and at the top of the class. During three years as a Marie … [Read more...] about Disabled teenager creates robots that help disabled patients

At the Vietnam Business Summit 2019  In his speech, Dam suggested businesses should pay greater attention to infrastructure, finance, banking, land as well as human training. Vietnam’s economic growth was placed second globally as announced by the World Bank, making the nation a destination for numerous enterprises from across the globe. Vietnam stays ready for the fourth industrial revolution and has boosted the application of information technology in a multitude of fields with better information safety and security, Dam said. According to President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, prestigious international organizations are sanguine about Vietnam’s economic growth. Up to 90% of domestic and foreign business community expressed their confidence that Vietnam’s business climate will be improving in the time to come. As many as 130,000 enterprises were established or resumed operations in the first nine months of this … [Read more...] about Vietnam ready to open its door to foreign enterprises

HCM City attracted about US$3.63 billion of foreign direct investment (FDI) capital in the first seven months of this year, marking a year-on-year increase of 15.2 per cent, according to the municipal People’s Committee. A production line of Jasan Vietnam Dyeing and Textiles, which is funded by a Chinese business, in the northern province of Hưng Yên's Phố Nối B Textiles and Garment Industrial Park. — VNA/VNS Photo Danh Lam Nearly $688.8 million came from 678 newly registered projects, up 26.9 per cent in value and 18.3 per cent in the number of projects from the same period last year. In the period, 2,668 foreign investors bought shares and acquired stakes of domestic enterprises with total registered capital of $2.6 billion, 28.3 per cent and 16.7 per cent higher respectively than in the same period last year. Meanwhile, HCM City granted business licences to 24,529 new domestic enterprises worth more than VND396 trillion ($17 billion), … [Read more...] about HCM City lures $3.6 billion of FDI in seven months

A birdview of Da Nang from Vo Nguyen Giap street  Da Nang boasts high potential to become a leading smart city in the country, said Pham The Truong, General Director of Microsoft Vietnam at a conference in the city on September 26. The city has opened its door to technology investors, he said, adding that in the future, Microsoft will work with DaNang in various technology sectors, contributing to the city’s road towards becoming a smart city. Initially, Microsoft will install a programme to protect children on the internet and support the training of teachers in Da Nang. In the future, the firm will pilot smart solutions in the city, while continuing to invest in technology and share experience with Da Nang, said Truong. Nguyen Quang Thanh, Director of the Da Nang Department of Information and Communications, said the city hopes to partner with Microsoft in education, health, technology and especially data collection and analysis. He expressed … [Read more...] about Da Nang seeks solutions towards smart city goal